Niche bank reports record results for 2018
Cambridge & Counties Bank has announced record results for 2018, with deposit and lending levels reaching all-time highs.
Total assets rose above £1bn for the first time to end the year at £1.03bn, up 17% year-on-year. Pre-tax profit increased 14% to £27.9m.
The niche bank, which specialises in secured lending and deposit products for small and medium sized businesses, with a strong property developer and investor client base, saw loans and advances to customers increase from £690m to £769m.
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